Bookkeeping Services in Wells

Bookkeeping Wells

Roger Hatherall & Company provide accountancy, financial and bookkeeping services to clients from Wells, Bath and the surrounding areas. It is important to keep all of your records and documents ordered, up to date and easily accessible, to allow your business to operate smoothly. Our bookkeeping services involve storing and arranging all of your financial documents that detail your incomings and outgoings. If you ever need to retrieve a receipt of a specific financial transaction, we can easily pull it from our records.

The main entries in the books are debits (that will increase expenses/assets) and credits (that will increase liabilities and incomes). This should be an ongoing, daily record of all the financial transactions of your business, whether it is a sale or purchase. We use quality-controlled systems to ensure that all the records are accurate. Bookkeeping also keeps a financial record of any loan payments, supplier expenses, invoices and asset depreciation, in order to draw conclusions from the data and create budgets and cashflow forecasts.

Bookkeeping is the practice involved with recording all the financial activities of the business or individual, whereas accounting as a whole is the overall management of all the finances of the business.

Our Services

The accountants at Roger Hatherall & Company provide a range of services to clients in Wells, including:

  • Cashflow Forecasts
  • Taxation
  • VAT
  • Self-Employment Advice
  • Bookkeeping Services
  • Accountancy
  • Start Up Services
  • Financial Advice
  • PAYE
  • Self-Assessment
  • Payroll
  • Companies House Forms
  • Expenditure Management
  • Medical Accountancy Services
  • HMRC Forms
  • Corporation Tax
  • Sole Traders, Limited Companies, Partnerships

Benefits of Outsourcing

There are many advantages to your business when you outsource your bookkeeping to an established accountancy firm. It is essential to have detailed and accurate books in place to allow us to carry out the classifying, recording and analysing of data. Having systematic records in place allows you to keep better track of your cashflow, invoicing and supplier payments. Our bookkeeping services keeps track of all documents on annual taxation, to calculate if you will receive a tax return or tax bill. If you are looking for investors or potential shareholders for your business, it is likely that they will request to see your financial data.

If you already have an organised system, then charts, lists and graphs can be easily produced from these accounts, saving you time and increasing the likelihood of them investing in you. Keeping proper financial records is required by the law and having these records will prepare you for an audit and make you more likely to pass. Careful and thorough work by our accountants can be the difference between bankruptcy and success for your business.

Forecasting and Budgeting

Forecasting and budgeting the revenues and cashflow of your business is fundamental, as creating a written plan for the future months or year can allow you to control your finances and ensure you are in a strong position. We can provide you with a budgeting service for your business, that estimates your future incomings, outgoings and revenues. Using your accounts and cashflow position to make an analysis, we can provide regular evaluations of your position and advise you on how to improve the performance of your business.

We use forecasting to provide a thorough comparison between the forecast produced and the actual performance of the business, to establish if you are meeting your targets or not. The forecasting process involves using information on your historical financial data and the current market situation to determine a prediction.


The accountants at Roger Hatherall & Company provide professional taxation services, including business tax and corporation tax. We have extensive knowledge of the laws surrounding business tax, meaning you can rely on us to ensure you are operating legally and paying the correct amount of tax. Our accountants can take care of all aspects of taxation including your tax returns, capital gains tax and payroll tax. Our advisors can also carry out a self-assessment tax return service, taking into account all of your investments, employment income and capital gains, and dealing directly with the HMRC for you.

Our business tax service involves producing annual accounts for the end of the financial year to determine the total profits and losses. If there are any errors in your taxes, we can correct them and advise you on how to deal with them. We can also carry out payroll taxation services, to ensure your employees are paying the correct amount of tax.

Our corporation tax service involves submitting your annual CT600 return to the HMRC for you. We constantly monitor your profits compared to the amount of tax you are paying, to ensure you are paying the right amount, otherwise you could be faced with a fine.

Working in Wells

We welcome clients from all over Somerset and the surrounding areas, including Wells. Wells is a city in the Mendip district of Somerset, to the south of the Mendip Hills. It is well known for its gothic 12th-century cathedral- The Cathedral Church of Saint Andrew, which is adjacent to the Bishop s Palace. If you are in the Wells area, you can also visit the Wookey Hole Caves, which are limestone caves that have the River Axe running through them. You can also visit the Wells and Mendip Museum, Stoberry Park, and the oldest street in Europe.